Efren

Update on Efren

Efrén is a very responsible, honest, and hard-working person. He lives with his wife and three children in a town in southern Honduras. His business is a small grocery store. Efrén needs the loan to buy soft drinks, meat, corn, milk, beans, butter, soup, salsas, pasta, bullion cubes, spices, salt, bread, etc. With the loan, he hopes to have more merchandise to offer to his customers, in order to be able to fill the orders they bring him daily. With the income he makes, Efrén hopes that his and his family's quality of life will improve a bit. He hopes that his business will be a larger grocery store in the future. He dreams of seeing his children and grandchildren graduate and become respectable people with better opportunities for society.

Previous Loan Details

Efrén is a very hardworking person. He currently lives with his wife and four children in the town of Namasigue in Choluteca Department. Efrén works full-time in his store.
Efrén needs the loan to buy meat, chicken, coffee, sugar, flour, soft-drinks, juice and other basic staple items. He…
More from Efren's previous loan »

Additional Information

Prisma Honduras, S.A.

This loan is administered by Prisma Honduras. Prisma is one of Kiva's first field partners in Central America and has funded over 2,500 entrepreneurs through Kiva since 2008. Prisma funds smaller than average loans for micro-entrepreneurs to help them grow businesses in urban and rural areas. To improve living conditions in Honduras, the organization strives to empower women who lack access to traditional financial services, and promotes solar panels to deliver clean, affordable electricity to rural areas. Through its four branches in southern and central Honduras, Prisma provides access to financial products to some of the poorest and most isolated communities in the country.

Concurrent and Successive Loans

Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.

This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.